The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Adani Power Ltd
JPPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Adani Power Limited acquired 24% (1,64,48,30,118 shares) of Jaiprakash Power Ventures Limited (JPVL) on May 21, 2026, via an off-market transaction from Jaiprakash Associates Limited (JAL). This acquisition is part of the resolution plan submitted by Adani Enterprises Limited, which was approved by the Hon'ble NCLT Allahabad Bench on March 17, 2026. The transaction was exempted from making an open offer under Regulation 10(1)(da) of SEBI SAST Regulations, 2011. Pre-transaction, Adani Power held zero shares; post-transaction it holds 24% of JPVL's diluted share capital. The acquisition value is approximately INR 2,993.59 crore.
This is a significant strategic acquisition by the Adani group in JPVL through a debt resolution route. The 24% stake acquisition via NCLT-approved process changes the ownership structure materially, though the exact total group holding needs further monitoring to assess open offer trigger thresholds.